Question 1

What is First U.S. Community Credit Union?

Accepted Answer

First U.S. Community Credit Union is a state-chartered, federally insured credit union headquartered in Sacramento, California. With approximately $545 million in assets and nearly 28,000 members, First U.S. serves communities across Northern California and select employee groups throughout the state.

The credit union operates 7 branch locations and focuses on providing affordable financial services to residents, workers, and worshippers in 12 Northern California counties, as well as federal employees statewide and select employer groups including Safeway employees in Northern California and Nevada.

Question 2

When was First U.S. Community Credit Union founded?

Accepted Answer

First U.S. Community Credit Union was founded in March 1936, making it nearly 90 years old. The credit union was established during the Great Depression era to provide accessible financial services to working-class Americans.

Over the decades, First U.S. has evolved from its modest beginnings into a full-service financial institution while maintaining its original mission of making a difference in the financial lives of its members through affordable loans, generous savings programs, and friendly personal service.

Question 3

Where is First U.S. Community Credit Union headquartered?

Accepted Answer

First U.S. Community Credit Union is headquartered at 580 University Avenue in Sacramento, California. The credit union's main office is located in the heart of California's capital city, serving as the hub for its operations across Northern California.

Question 4

Where does First U.S. Community Credit Union operate?

Accepted Answer

First U.S. Community Credit Union serves members across a broad geographic footprint in Northern California. The credit union operates 7 branch locations throughout the region.

Membership eligibility extends to anyone who lives, works, or worships in the following 12 counties: Sacramento, Placer, Nevada, El Dorado, Amador, Yuba, Yolo, Sutter, San Joaquin, Solano, Sierra, and Contra Costa.

Additionally, the credit union welcomes federal employees (both active and retired) throughout the State of California, select employee groups, and Safeway employees in Northern California and Northern Nevada.

Question 5

What services does First U.S. Community Credit Union offer?

Accepted Answer

First U.S. Community Credit Union provides a comprehensive range of financial products and services, including:

Deposit Accounts: Share (savings) accounts, share draft accounts (checking), share certificates, money market accounts, individual retirement accounts (IRAs), and health savings accounts (HSAs).

Lending Services: Real estate loans and mortgages with decades of home financing experience, auto loans, personal loans, business loans, home equity loans, credit cards, and overdraft protection services.

Digital Banking: Free online banking, free mobile banking with mobile deposit (eDeposit), free bill pay, audio response/phone banking, and account management tools. Members have access to over 30,000 ATMs nationwide and 5,000+ shared branch locations.

Additional Services: Investment and insurance products, financial counseling, financial education resources, credit score monitoring, first-time homebuyer programs, youth accounts, business accounts and services, and remote deposit capture.

Question 6

What makes First U.S. Community Credit Union unique?

Accepted Answer

First U.S. Community Credit Union distinguishes itself through several key features that set it apart from traditional banks:

Member Ownership Structure: As a not-for-profit cooperative, First U.S. is owned and operated by its members. Profits are returned to member-owners through better rates, lower fees, and improved services rather than being distributed to external stockholders.

Extensive Shared Banking Network: Despite being a community-based institution, members enjoy access to over 30,000 ATMs nationwide and more than 5,000 shared branch locations, providing the convenience typically associated with large regional banks.

Strong Financial Position: The credit union maintains loan delinquencies and charge-offs well below national averages and holds a risk-based net worth well above the "well capitalized" threshold set by federal regulators. This financial strength reflects nearly 90 years of sound business decisions.

Community Focus with Broad Eligibility: While deeply rooted in Northern California communities, First U.S. maintains an inclusive membership philosophy that welcomes federal employees statewide and select employer groups, allowing the credit union to serve diverse populations.

Free Financial Tools: Members receive complimentary access to credit score monitoring with real-time alerts, financial education resources through the credit union's partnership with BALANCE, and personalized financial tips to support their financial journey.

Question 7

What type of financial institution is First U.S. Community Credit Union?

Accepted Answer

First U.S. Community Credit Union is a state-chartered credit union that operates under California state regulations and is federally insured by the National Credit Union Administration (NCUA). The credit union holds Charter Number 68474.

As a credit union, First U.S. operates on a cooperative, not-for-profit basis where members are also owners of the institution. Member deposits are insured by the NCUA up to $250,000 per account, with an additional $250,000 of coverage for IRA accounts, providing the same federal backing as FDIC insurance at traditional banks.

The credit union is a member of the Federal Home Loan Bank (FHLB) system, which provides additional liquidity and stability. First U.S. maintains its classification as a natural person credit union, meaning it serves individual consumers rather than other credit unions or corporate entities.

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